Trending News:Quote of the day by Jill Biden: “Good marriages push us — not to become someone else but to become the best version of ourselves”Norway Vs England Live Score, FIFA World Cup 2026 Quarter Finals: ENG 1-1 NOR; Jude Bellingham equalizes for EnglandUS employers told to fire foreign workers who are on the way to lose Temporary Protected StatusHistoric! Linda Noskova becomes third Czech woman in last four years to win Wimbledon | Tennis NewsDhamaal 4 Box Office Collection Day 2: Ajay Devgn Starrer Locks ₹50 Crore In 1st Weekend After Big Boost On SaturdayQuote of the day by Vivek Ramaswamy: ‘Yes, I grew up in privilege. 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Inside the world of absurd art pricingEngland Women 21/1 in 11.0 OversWhat is there in deep space ?Man wanted for killing wife, two daughters in UK arrested in South Africa after international manhuntZimbabwe 27/3 in 12.3 Overs“He’s just been completely crazy”: Connor Murphy’s friend reveals what happened when the cameras stopped rolling‘Some rallies never end’: Sachin Tendulkar’s heartfelt message to Roger Federer goes viral | Off the field NewsThe real-life ‘Hobbits’ survived on an Indonesian island for thousands of years, until a long drought may have drove them away | World NewsDeepti Sharma scripts history, overtakes Jhulan Goswami to become highest…Nato leaders discussed security in Turkiye, got revolvers as return giftKieron Pollard, Tajinder Dhillon script stunning comeback as MI New York stun Seattle Orcas | Cricket NewsReports: Israeli intel warn US of Iran’s plot to assassinate TrumpIndian cricket set to undergo a coaching reset? | Cricket NewsForeigners among 12 killed in Spanish wildfire, 23 missingHistory at Lord’s! 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England handed golden blueprint ahead of Norway World Cup quarter-final showdown | Football NewsJustin Trudeau Tiktok: Justin Trudeau makes TikTok dancing debut in Katy Perry’s ‘Watch It Burn’ video‘It’s NOT Coming Home’: Max Verstappen sticks the knife into England’s World Cup dream with brutal prediction | Football NewsYou are not the most polished guy: Visa officer asks Indian man why his company is sending him to New York on business tripSpain vs Belgium FIFA World Cup QF match result: Merino magic strikes again as Spain edge past Belgium to enter WC Semis | Football NewsQuote of the day by Malcolm X: ‘A wise man can play the part of a clown, but a clown can’t play the part of a wise man’FIFA World Cup: Lamine Yamal scripts history at 18, becomes youngest player to… | Football NewsScientists reveal underwater seagrass meadows could end global malnutrition as fish from these ocean habitats provide more essential nutrients than coral reef fishMandhana, Harmanpreet and Deepti star as India post 285, reduce England to 21/1 on day 1 at Lord’s | Cricket NewsQuote of the day by JD Vance: ‘Poor people don’t wear pajamas. 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It comes from bacteria older than the dinosaurs |‘To beat India 4-0 would be a pretty special’: Harry Brook throws down the gauntlet ahead of series finale | Cricket NewsInside the US Fed’s five powerful task forces—and why they matter – FirstpostUk Vape Packaging Ban: UK proposes plain vape packaging, flavour ban in crackdown on youth vaping | World News29-year-old Smriti Mandhana scripts history, becomes youngest ever to … | Cricket NewsChina imposes temporary helium export ban amid Iran conflict disruptions – FirstpostFirst Photos: Tom Holland And Christopher Nolan Arrive In Mumbai Ahead Of The Odyssey India PremiereHow a secret CIA operation in 1953 set the stage for decades of tension between Iran and United StatesIndia Women 15/1 in 3.0 OversScience should reach society with integrity and transparency: Soumya SwaminathanNithin Kamath’s direct mutual fund pitch sparks industry face-off – FirstpostBreaking: Rajpal Yadav To Go Back To Jail As Delhi High Court Uphelds Conviction In Cheque Bounce CaseIn 1859, Australia released 13 rabbits for hunting. 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Trending News:Quote of the day by Jill Biden: “Good marriages push us — not to become someone else but to become the best version of ourselves”Norway Vs England Live Score, FIFA World Cup 2026 Quarter Finals: ENG 1-1 NOR; Jude Bellingham equalizes for EnglandUS employers told to fire foreign workers who are on the way to lose Temporary Protected StatusHistoric! Linda Noskova becomes third Czech woman in last four years to win Wimbledon | Tennis NewsDhamaal 4 Box Office Collection Day 2: Ajay Devgn Starrer Locks ₹50 Crore In 1st Weekend After Big Boost On SaturdayQuote of the day by Vivek Ramaswamy: ‘Yes, I grew up in privilege. Not economic privilege, but the ultimate privilege of having two parents in the home’Kranti Gaud’s six-for, Smriti Mandhana’s unbeaten fifty leave India in complete control on day 2 at Lord’s | Cricket NewsAfter ‘Dhurandhar’, Singer Shahzad Ali Teams Up With Munawwar Ali And Zubin Sinha For A Soulful Sufi Track ‘Al Ilah’Quote of the day by Nelson Mandela: “A nation should not be judged by how it treats its highest citizens, but…” | World NewsIndia’s 1,601-day reign as World No. 1 ends after England complete 4-0 T20I whitewash | Cricket NewsMicrosoft defends Asha Sharma, says she is an American CEO and Xbox layoff had nothing to do with H-1BIND vs ENG 5th T20I: Why is Vaibhav Sooryavanshi not playing the series finale? | Cricket News‘I’m Not Interested…’: When S Janaki Refused Padma Bhushan, Said She Deserved Bharat RatnaTrump threatens Iran with ‘1000 missiles’ as both sides shoot their mouth in Gulf spatHarry Brook creates history in 5th T20I against India, becomes 1st England batter to… | Cricket NewsS Janaki, Nightingale Of South India, Falls Silent – Revisiting Her Iconic Career In Playback Singing6 killed as Russia rains missiles, drones on Ukraine; Kyiv renews plea for air defencesAs India remain stuck in traffic, England players enjoy football warm-up at Rose Bowl – Watch | Cricket NewsWho Is Rohit Chandel, Actor Arrested For Stalking And Assaulting Minor Girl?Death penalty sought for Bangladeshi man Shahidul Islam who entered US illegally and killed sister-in-law in FloridaRamiz Raja blasts PCB over Shan Masood sacking: ‘When a captain is consistently given a group of ordinary players … ‘ | Cricket News‘I’ll play for India’: Popular US streamer IShowSpeed makes bold offer to help nation qualify for 2030 FIFA World CupWhy was the toss delayed for India vs England 5th T20I? | Cricket NewsIndian-origin tech leader killed by husband in Georgia over domestic dispute, wounded son runs to neighbors for helpIndia settle for silver after Colombia clinch women’s compound team title at Archery World Cup stage 4 | More sports News‘Norway may row, but England roars’: UK Armed Forces’ patriotic message goes viral ahead of World Cup clashWatch: ‘Viking Row’ fever grips Miami before Norway’s historic World Cup clash against England | Football NewsWhy Haaland is a very ‘English’ name: Viking roots, England connection and the surprising story behind his surname‘People don’t want us to win’: Argentina head coach fires back at FIFA favouritism claims | Football NewsThe emperor’s new receipt: Rs 59 cr for a banana? Inside the world of absurd art pricingEngland Women 21/1 in 11.0 OversWhat is there in deep space ?Man wanted for killing wife, two daughters in UK arrested in South Africa after international manhuntZimbabwe 27/3 in 12.3 Overs“He’s just been completely crazy”: Connor Murphy’s friend reveals what happened when the cameras stopped rolling‘Some rallies never end’: Sachin Tendulkar’s heartfelt message to Roger Federer goes viral | Off the field NewsThe real-life ‘Hobbits’ survived on an Indonesian island for thousands of years, until a long drought may have drove them away | World NewsDeepti Sharma scripts history, overtakes Jhulan Goswami to become highest…Nato leaders discussed security in Turkiye, got revolvers as return giftKieron Pollard, Tajinder Dhillon script stunning comeback as MI New York stun Seattle Orcas | Cricket NewsReports: Israeli intel warn US of Iran’s plot to assassinate TrumpIndian cricket set to undergo a coaching reset? | Cricket NewsForeigners among 12 killed in Spanish wildfire, 23 missingHistory at Lord’s! Harmanpreet Kaur enters elite Indian list with special milestone | Cricket NewsThe Odyssey Mumbai Screening: Tom Holland Praises Indian Fans, Says “No One Brings An Energy As You Do Here’Sheikh Hasina: May get arrested or killed but will go back to Bangladesh by DecemberOnly TWO ever made! Cristiano Ronaldo stuns IShowSpeed with his rarest and most personal gift yet | Football NewsThe Odyssey Mumbai Screening: Christopher Nolan Hails Indian Audience, Calls Them ‘Most Enthusiastic And Knowledgeable’It’s a mystery who launched latest strikes against IranIND vs ENG: Away from abject T20I showing, India begin preps for ODI series today | Cricket NewsCandace Owens erupts at Andrew Kolvet’s Erika Kirk defense, calls biblical comparison ‘blasphemous’ and ‘sick’The secret to stopping Erling Haaland? England handed golden blueprint ahead of Norway World Cup quarter-final showdown | Football NewsJustin Trudeau Tiktok: Justin Trudeau makes TikTok dancing debut in Katy Perry’s ‘Watch It Burn’ video‘It’s NOT Coming Home’: Max Verstappen sticks the knife into England’s World Cup dream with brutal prediction | Football NewsYou are not the most polished guy: Visa officer asks Indian man why his company is sending him to New York on business tripSpain vs Belgium FIFA World Cup QF match result: Merino magic strikes again as Spain edge past Belgium to enter WC Semis | Football NewsQuote of the day by Malcolm X: ‘A wise man can play the part of a clown, but a clown can’t play the part of a wise man’FIFA World Cup: Lamine Yamal scripts history at 18, becomes youngest player to… | Football NewsScientists reveal underwater seagrass meadows could end global malnutrition as fish from these ocean habitats provide more essential nutrients than coral reef fishMandhana, Harmanpreet and Deepti star as India post 285, reduce England to 21/1 on day 1 at Lord’s | Cricket NewsQuote of the day by JD Vance: ‘Poor people don’t wear pajamas. We fall asleep in our underwear or blue jeans’England vs Norway quarter-final clash to make World Cup history with FIFA’s surprise first-ever halftime show | Football NewsDhamaal 4 Box Office Collection Day 1: Ajay Devgn Starrer Opens Lower Than 2019’s Total DhamaalNo, I am in Dublin: PwC worker remotely works from India; lies when confronted, accuses boss of bullyingJannik Sinner beats Novak Djokovic in straight sets, sets up Wimbledon final clash against Alexander Zverev | Tennis NewsChina blocks helium exports amid Iran war-driven supply crunch – FirstpostRajesh Sharma’s First Picture Surfaces After Hospitalisation Due To Insect Bite On Fauzi SetGreen Card of Kuwaiti artist revoked for calling America ‘enemy’: Foreign nationals who echo propaganda should find themselves on deportation flightWimbledon 2026: How much prize money did Arthur Fery win after semi-final defeat to Alexander Zverev? | Tennis NewsViral Video: Desi Spider-Man Welcomes Tom Holland To India For The Odyssey PremiereQuote of the day by Will Smith: “If you’re not making someone else’s life better, then you’re wasting your time.” | World NewsWatch: Sachin Tendulkar, hailed as ‘perhaps the greatest batsman of all time’, spotted at Wimbledon semi-final | Tennis NewsThree held in Greece over deadly bomb attacks targeting ruling party politicians‘Cristiano Ronaldo will never be a problem for Portugal’: New coach Jorge Jesus calls forward ‘symbol of Portuguese football’ | Football NewsOpenAI executive Fidji Simo exits full-time role after medical leave – FirstpostBanned On OTT, Diljit Dosanjh’s Satluj Gets A New Life With Community Screenings At Punjab GurudwaraIndian-origin gynecologist Sanjeev Kumar sentenced to 20 years in prison in Tennessee for performing 15,000 biopsies with adulterated devices, attorney says no punishment is enough‘Just a shame’: RCB star reveals Virat Kohli was secretly photographed during private meet | Cricket NewsIndia’s forex reserves jump $7.26 billion to $674.19 billion as foreign currency assets – FirstpostDhamaal 4 X Review: Ajay Devgn-Riteish Deshmukh Starrer Called ‘Terrible’, Netizens Call Comedy Movie ‘Total Cringe’Billionaire Larry Ellison once fought the entire city of San Jose so he could land his private jet at midnight, but when it came to buying a $490 million megayacht, he did it over lattes and two emails‘This group of players raised my expectations’: Bruno Fernandes reacts to Portugal’s exit from FIFA World Cup | Football NewsChina’s temporary export ban on helium| ExplainedSouth Africa’s anti-migrant protests threaten jobs, growth and regional economies – FirstpostBreaking: IU And Lee Jong Suk Breakup After 4 Years of Fairytale Romance, Agency ConfirmsSmell Of Rain: That earthy smell you love after rain doesn’t come from the rain at all. It comes from bacteria older than the dinosaurs |‘To beat India 4-0 would be a pretty special’: Harry Brook throws down the gauntlet ahead of series finale | Cricket NewsInside the US Fed’s five powerful task forces—and why they matter – FirstpostUk Vape Packaging Ban: UK proposes plain vape packaging, flavour ban in crackdown on youth vaping | World News29-year-old Smriti Mandhana scripts history, becomes youngest ever to … | Cricket NewsChina imposes temporary helium export ban amid Iran conflict disruptions – FirstpostFirst Photos: Tom Holland And Christopher Nolan Arrive In Mumbai Ahead Of The Odyssey India PremiereHow a secret CIA operation in 1953 set the stage for decades of tension between Iran and United StatesIndia Women 15/1 in 3.0 OversScience should reach society with integrity and transparency: Soumya SwaminathanNithin Kamath’s direct mutual fund pitch sparks industry face-off – FirstpostBreaking: Rajpal Yadav To Go Back To Jail As Delhi High Court Uphelds Conviction In Cheque Bounce CaseIn 1859, Australia released 13 rabbits for hunting. Decades later, they created one of the world’s worst invasive species crises | World News‘We would pour extra water on the pitch’: Sanjay Bangar reveals Virat Kohli’s secret England preparation | Cricket NewsWhy SK Hynix’s $26.5 billion US listing is a strategic bet on Wall Street – Firstpost
Alibaba Group Holding plans to spin off its Banma Network Technology unit, as one of China’s largest technology behemoths moves ahead with a separate listing for its autonomous driving unit to raise capital.
Alibaba has received an initial go-ahead from the Hong Kong stock exchange for Banma’s proposed initial public offering (IPO), the company said in a statement on Thursday. The stake held by the Hangzhou-based conglomerate in Banma will drop to 30 per cent from the current 44.72 per cent after the IPO, Alibaba said.
Details of the spin-off, including the financial size and structure of Banma’s IPO, have not been finalised, while the overall plan would be subject to regulatory approvals in Hong Kong and mainland China, said Alibaba, the parent company of the Post.
“The proposed spin-off should better reflect the value of Banma Group on its own merits and increase its operational and financial transparency,” Alibaba said. “Banma’s distinctive automobile system solutions business would be appealing to an investor base with a sector investment focus.”
SAIC Motor’s Roewe RX5 sports-utility vehicle, one of the first models to be powered by Banma’s AliOS operating system, on display during the Auto Shanghai show on April 20, 2017. Photo: Simon Song
If it is successfully executed, Banma’s IPO would be the first spin-off in recent years out of Alibaba’s portfolio of businesses, which cover the spectrum of China’s technology from artificial intelligence to e-commerce, entertainment to logistics. A spin-off of its logistics business Cainiao was called off in March 2024.
For Banma, which began to embed Alibaba’s operating system AliOS in 2016 for smart vehicles to drive autonomously, the IPO would enhance its profile among customers, suppliers and potential strategic partners, gaining it more business and access to the equity and debt capital markets, the e-commerce giant added.
China on Friday announced a temporary suspension of helium exports, a move expected to help secure domestic supplies of the critical gas as the ongoing Iran conflict continues to disrupt…
As OpenAI races to commercialise artificial intelligence at unprecedented speed, one of the executives leading that effort is stepping back. Fidji Simo, the company’s chief of applications, said she will…
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